Cryptocurrency is quickly becoming mainstream, with the world trying to embrace the new industry. The rapid expansion of the crypto business calls for extensive data analysis and usage.
To keep up with the growing crypto market, several data aggregating companies have emerged, offering traders and investors a way to understand the ins and outs of the industry.
This includes the available currencies on the trading lists, the market trends, price movements, market capitalization of listed coins, assets and trading pairs, trading volumes, and more.
The platforms are bringing in new metrics while refining the existing metrics to keep up with the ever-evolving cryptocurrency industry.
This also ensures you have accurate information to make informed investment decisions. Among the platforms leading on the crypto market analytics chart are CoinGecko and CoinMarketCap.
With that in mind, let’s break down these two platforms’ details, facts, and differences to understand how they work and their offerings.
Keep scrolling for more.
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What is CoinGecko?
CoinGecko is a cryptocurrency data aggregator used for tracking the crypto market. It can monitor the developer, volume, social, and price stats. The software is an unbiased source of information with real-time crypto market data.
CoinGecko is an independent platform offering standard tracking and ticker services. Founded by Bobby Ong and TM Lee in 2014, the company tracks more than 3.500 tokens and hundreds of crypto exchanges while generating over three million dollars in revenue.
It has one of the strongest communities, with an intuitive interface that simplifies crypto data tracking.
You can access CoinGecko on your Android and iOS devices and track your transactions and revenue on the go. The best thing about the software is its reasonable pricing.
It also provides quality information with the free account, boosting the efforts of new traders and people who need to fine-tune their existing strategies. Its user-friendly interface supports 15 languages.
What is CoinMarketCap?
CoinMarketCap is another top crypto analytic platform that started in 2013. It is one of the world’s leading market aggregation and price tracking sites covering a broad range of cryptocurrencies.
CoinMarketCap was founded by Brandon Chez, but in 2020 it was acquired by Binance Holdings Ltd, the current controllers, and managers.
After analyzing the values of different currencies, the platform publishes them while linking to several exchanges to allow people to sell and buy tokens.
You’ll find a variety of exchanges here, including derivative exchanges, spot exchanges, and decentralized finance (DeFi or DEXs) exchanges.
The main objective of this platform is to present accurate and unbiased crypto information that drives better decision-making for traders. It lists thousands of crypto coins and tokens and helps investors evaluate portfolios and track the prices and profits.
After understanding what these two platforms entail, let’s delve deeper into their features and other attributes.
Let’s roll.
Explore: Coin vs Token
Feature Comparison
CoinGecko
CoinGecko has a wide feature set that includes:
- The CoinGecko app
- Market cap statistics
- News feed
- Hyperlinks
- Google Sheets
- APIs
- Candies
- CoinGecko Earn tool
- Stack stats
- CoinGecko Compare
- Cryptocurrency reports
- CoinGecko Spread
- Educational Center
CoinMarketCap
CoinMarketCap’s features include:
- Mobile app
- Glossary with crypto phrases
- Crypto portfolio tracker
- NFTs
- Quizzes, rewards, and airdrops
- Calendar of events and ICO listings
- API
- Crypto Swap feature
- Educational Center
Verdict
Both platforms have rich feature sets to ensure adequate crypto tracking and market analysis.
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How it Works
CoinGecko
CoinGecko is an excellent companion in the crypto market. It is easy to use, with various unique features that simplify market analysis. You can classify assets based on your personal interests, and the user experience is top-notch.
The platform provides detailed information about assets, market analysis, protocol, dominance index, and so much more. The platform will provide details about their technology, domination index, market analysis, and other significant insights, whether it’s Reef, Hex, Sushi, or Shiba Inu.
You’ll also find vital data to help you determine the coins that are getting to the top, newly added currencies, portfolio trackers, indicators, ICOs, and candlestick charts to be converted from the TradingView.
When trading different cryptocurrencies such as PancakeSwap (CAKE), Refinable (FINE), Pundi X (NPXS), and Polkadot (DOT), CoinGecko comes in handy to help in comparing them. You can view options by filtering them by month, week, day, or last hour.
It’s a great site for hoarders, day traders, and scalpers. Under its markets tab, you’ll get the cryptocurrency pairs list and their exchanges together with other details, including the market volume. This simplifies exploring the newest markets and tracking down all the profitable opportunities.
CoinGecko has an app, market cap data, news feed, embedded widgets, Google Sheets, and multiple links to help you access the website. Its APIs ensure updated services at all times.
CoinMarketCap
CoinMarketCap collects data from various sources and compiles it to provide you with updated details about the cryptocurrency market.
The platform utilizes this data to track the changes in prices of currencies, assets, market capitalization, trading volumes, etc. It allows you to set up a price alert and notification to keep you updated about the trending cryptocurrencies.
CoinMarketCap collates real-time updates to ensure accurate pricing on assets like 2Local (2LC), Crypto Cricket Club (3CS), WAX (WAXP), VideoCoin (VID), WinkLink (WIN), and Universal Cash (UCASH).
It offers detailed information about every asset, with statistics on the price, 24-hour highs and lows, cap, price change, and more. Other coins tracked include Polkadot (DOT), PancakeSwap (CAKE), Telcoin (TEL), Chia (XCH), Chainlink (LINK), and Ecomi (OMI).
There are various charts to view over different trading periods, including one year, 30-day, one week, 24 hours, or one hour.
You’ll also view historical data about high-performing coins from the previous years. Some coins are highlighted as untracked listings with information displayed but aren’t tracked live.
The platform lets you see the tracked tokens in listings from the top 5, 30, 100, 300, or 500 coin rankings. You can also search for top gainers, recently added, most viewed, new coins, and even those that are lowly ranked. Over 11,000 cryptocurrencies are analyzed and listed by CoinMarketCap in real-time.
Besides tracking crypto, CoinMarketCap follows the prices and performance of various exchanges. It has tables for derivative exchanges, crypto lending exchanges, DEXS, and spot exchanges.
It gives every exchange a score based on web traffic, liquidity, and confidence to let you know each category’s overall ranking.
CoinMarketCap will show you the 24-hour trading volume, flat currencies supported by each exchange, average liquidity, coins, markets, weekly visits, and more. With all this information, you can personalize your watchlist to monitor the exchanges that interest you.
Verdict
Both platforms work in an almost similar way.
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Ease of Use
CoinGecko
CoinGecko has a user-friendly interface, with neatly organized tabs and functions that make it easy to navigate and find what you’re looking for. The interface contains all the information you need; all you do is click a tab or link to be directed to the right information.
CoinMarketCap
CoinMarketCap’s interface is also user-friendly. It displays market information for up to seven days, with well-organized tabs for more information on crypto. You’ll view the trending coins, biggest gainers, and more on its front page.
Verdict
Both platforms have intuitive interfaces.
Content Analysis
CoinGecko
CoinGecko is an independent entity with no affiliations. This helps minimize any bias risks on the platform. The company covers the crypto market in detail by publishing quarterly reports, which you can subscribe to.
Its free 2021 3rd quarter report is 45 pages long with plenty of valuable information. The company also sells short books on DeFi, Bitcoin, and NFTs for beginner traders.
Monthly memberships are also available, with a free membership to their publications and other daily prizes. The levels of monthly subscriptions vary, as does the amount of daily prizes (measured as candies).
The platform offers free book access at higher subscription levels. While it may not have a lot of content to offer, there is a high-quality analysis and minimal clickbait at CoinGecko.
CoinMarketCap
CoinMarketCap has a row of videos and articles at the top of the website. The content features commentaries, analyses, and other information from the cryptocurrency space. The articles are short, while videos have strange clickbait thumbnails.
Since it’s owned by Binance, it may be challenging to consider CoinMarketCap completely neutral. However, the site offers some fundamental analysis. The Smart Chain from Binance supports a wide variety of stablecoins and tokens, which may mislead or bias some of the data provided.
Verdict
CoinGecko is better at content analysis. Because of its zero ties to any trades or cryptocurrencies, the danger of bias and prejudice is out of the question.
Crypto-Asset Rating
CoinGecko
Using filters, you can sort assets based on various criteria at CoinGecko. The website shows the price and ticker dynamics for different assets over different timeframes.
You’ll see dynamics for the last thirty days, one week, day, or the last hour. Also, you’ll easily find information on the Total Supply Volume.
Trust Score helps to measure liquidity on trading pairs and crypto exchanges by sorting them based on their trust scores. It also measures the operations scale, API coverage, and overall liquidity.
Trust Score, combined with several other metrics, provides a comprehensive view of the liquidity of trading pairs on the exchanges.
CoinGecko offers metrics including API quality assessment, hot and cold wallet analysis, cybersecurity analysis, social media data, crowdsourced reviews, and trade history analysis.
Besides measuring and tracking tokens, CoinGecko looks into other parameters like open-source code development, community growth, and project codes. It tracks various developers, including GitLab and GitHub, and communities like Reddit subscribers and Twitter followers.
CoinGecko allows tracking of ICO to help you compare and make accurate decisions.
CoinMarketCap
CoinMarketCap’s primary function is crypto tracking. The company ranks and scores exchanges according to the trading volumes, liquidity, confidence in trading volume legitimacy, and traffic.
The highly-ranking exchanges will have well-scoring markets across trading volumes, web traffic factors, liquidity scores, and high confidence scores.
The platform has three exchange rating versions, including the Top 100 by adjusted volume, which includes a trade-to-mine model that rewards you with tokens if you’re an active trader. The top 100 by reported volume displays the volumes of the trading platforms.
Liquidity is a crucial metric calculated using parameters like order book depth changes, mid-price distance, and market order size.
Verdict
CoinGecko is the best among the two. It is feature-packed, making tracking details about particular digital assets and crypto prices easy.
Popularity
CoinGecko
CoinGecko is right behind CoinMarketCap with regard to popularity. The platform has at least 8.3 million web visitors. However, this analytics system is showing a tremendous increase in traction if you look into its monthly web traffic.
CoinMarketCap
CoinMarketCap has more than 35 million website visitors, dominating over CoinGecko’s 8.3 million. The purchase of the platform by Binance boosted the substantial engagement and readership it already had.
It also gained more from the quality financial resources and improved development from Binance.
Individual Token View
CoinGecko
CoinGecko has massive buttons on the right to take you to sponsored sites where you can earn, sell, buy, mine, and loan cryptocurrency. It shows data on volume, market cap, and diluted volume.
It also has a well-organized token summary on the right side of the view. The summary features a list of community sites, websites, wallets, whitepaper links, and source code.
Its token chart is paired with market and price statistics. It also provides options to visit community subscribers and social media sites and view information on recently deployed code by developers. This provides a broad variety of niche options for seasoned investors.
CoinMarketCap
When clicking on a token on CoinMarketCap, you get lots of information on the token. Sponsored links pop up on the page to lead you to where you can exchange and buy cryptocurrency from Binance.
Below the Bitcoin (token) name are links to whitepapers, websites, and communities associated with the token. You’ll also see a button that you can click to explore blockchain and view the source code.
CoinMarketCap’s individual view also highlights the diluted market cap (how much the market cap is if tokens that haven’t been minted look like on the market).
In addition to charts that reflect the market cap, spot trading, and price, you’ll find links to Bitcoin wallets, holders, news, and plenty of other information. Switching between the 24-hour price overview and the token lifetime is easy.
There are various markets and exchanges to purchase crypto, with their rankings on trustworthiness. A small blurb also shows the summary of tokens and what they do. At the bottom of the view are news articles and a list of cryptocurrencies you might be interested in.
Verdict
Both CoinGecko and CoinMarketCap have almost similar features and details in their Individual Token View section.
The Ticker
CoinGecko
CoinGecko’s main ticker offers details of the current price, percentage change in the last week, 24 hours, and one hour, market cap, and 24-hour volume. By default, the ticker shows the price chart for the last seven days.
It also contains options and categories that help you determine the assets you are interested in. The Categories function lets you sort tokens by different functionalities, while the Filter tool enables you to locate tokens using ledgers or hashing systems. This system is quite simple, allowing you to customize your experience.
Before CoinGecko’s main ticker are tabs that you click to find the lists with newly added tokens and big movers in the market.
By clicking the categories tab, you’ll be led to a table with different cryptocurrency assets grouped by use (Smart Contract Platform, Polygon Ecosystem, etc.).
This makes it easy to customize which tabs should be on the front page. Add the tokens that interest you, and your portfolio will be complete.
CoinMarketCap
CoinMarketCap ranks thousands of crypto by market cap. You can sort them by changes in price (by a week or day), market cap, price, circulating supply, and recent trade volume. It also offers a small chart with asset performance statistics.
The platform allows you to create a profile and add particular crypto of interest to your portfolio or personal watchlist. You can sort various assets related to particular smart contract uses or blockchains here, too.
The platform’s filters let you choose the specific tokens you want. Expanding your view will allow you to view more than 100 cryptocurrencies simultaneously (unlike the sort feature, which allows only 100).
Verdict
CoinGecko’s ticker is much more comprehensive and clear, giving you deeper insights to guide your decision-making.
Security
CoinGecko
CoinGecko doesn’t hold the assets for you. It only tracks data, so security should not be a major concern. All your personal data is encrypted, and all the third-party payment gateways (Coinbase Commerce and Stripe) have added safety measures for subscription payments.
CoinMarketCap
CoinMarketCap doesn’t support the selling or buying of crypto. They don’t take or store your details, so the risk of your vital personal details getting compromised is very low. However, all the data on the site is secured.
Verdict
CoinGecko is the winner, as its security is more advanced. They have to protect every user’s personal data.
Customer Support
CoinGecko
Under the Help button, CoinGecko has provided an FAQ section with hundreds of answers to various questions. This offers quick, comprehensive solutions if you encounter any issues or have any queries about crypto, markets, coins, or more.
Alternatively, the platform lets you submit ticket requests with your issues or queries. Make sure you include your email address for feedback. Their customer support agents often respond in a few days.
CoinMarketCap
CoinMarketCap offers support through a request form and the FAQs on their site. You can also contact support by submitting a request here. It also has a Glossary to help you look up some crypto terms.
Verdict
Both platforms have an elaborate customer support system for their users. They have detailed FAQ pages, on-site request forms, Telegram chat, and other social media pages, such as Facebook and Instagram.
Pricing
CoinGecko
CoinGecko has a free account where you can sync your portfolio over all your devices and easily track your holdings. Even on the go, you’ll view live charts and prices on various cryptos, not forgetting the daily candies.
Its Premium Account costs $50 per month or $499.90 per year. It is an ad-free tier that includes a newsletter, additional candy rewards daily, and free access to exclusive NFTs.
The platform also sells professional APIs. The Analyst tier costs $103.20/month, while the Pro tier costs $799.20/month. Its Enterprise tier is available upon request.
CoinMarketCap
CoinMarketCap has four different API membership subscriptions besides the basic (free) plan. Its Hobbyist membership costs $29 per month. It includes historical conversions for 30-days, 11 market data endpoints, and 40,000 call credits per month.
It also has a Startup membership which is available at $79/month, and a Standard subscription at $299/month with three months’ worth of historical conversion, 29 market data endpoints, and 500,000 call credits every month.
If you’re serious about crypto trading, you can purchase CoinMarketCap’s Professional API service for $699/month. It comes with one year of historical data conversions and three million credits. Top-tier API services for enterprises are available upon request.
Verdict
CoinMarketCap’s API pricing is more flexible and affordable than that of CoinGecko.
Pros & Cons
CoinGecko
Pros
- Has a simple, intuitive interface
- Provides reliable, accurate information about the crypto industry
- It gives quarterly reports on the state of the crypto market. It also provides additional insights on the problems affecting the market and other occurrences
- It’s easy to access vital coin information
- The historical market data (individual, aggregated) is very accurate
- Has excellent duration for data history (months, years)
- Broad coverage of markets, including trading pairs, exchanges, and assets
- Wide functionality
- The web performance is top-notch
- CoinGecko Spreads gives insights on the trading fees of all exchanges
- Offers free educational resources
Cons
- It doesn’t have a track on the crypto lending interest
- No general business information on digital securities and blockchain companies
CoinMarketCap
Pros
- Has a large collection of cryptocurrencies
- Has quality financial resources and improved development
- It presents data in real-time
- Has additional analytical tools
- A crypto-to-crypto exchange feature that integrates with Metamask to help you to trade crypto on various networks
- An intuitive front page that makes it easy to access trending coins and top gainers and losers
- Has a portfolio tracker
- Affiliation with Binance
- Ranks thousands of cryptos
- Tracks more than 11,000 coins
Cons
- Its data may be biased due to its affiliation with Binance. The Smart Chain from Binance supports various stablecoins and tokens, which may mislead or bias some of the data provided.
Similarities and Differences
Similarities
- Both provide information about the cryptocurrency market
- The track and analyze cryptos to provide updated market details
- Have similar Individual Token View features
Differences
- While CoinGecko is an independent entity, CoinMarketCap is affiliated with Binance
- CoinMarketCap is the most popular, with over 32 million web visits against CoinGecko’s 8.3 million.
- CoinGecko shows key indicators by the hour, while CoinMarketCap doesn’t.
- CoinGecko’s rating on Google Play is 4.7 compared to CoinMarketCap’s rating of 4.5.
Frequently Asked Questions
Does CoinGecko Display Coin Capitalization?
Yes, CoinGecko provides the coin capitalization metric on its site. Its coin developers obtain the metrics to help display accurate metrics.
Is CoinMarketCap a Safe Site?
Yes, the CoinMarketCap platform is very safe. This is because it doesn’t support the selling or buying of crypto. They don’t take or store your bank details, so the risk of your vital personal details getting compromised is very low.
How Often Does CoinGecko Update Information?
CoinGecko schedules its information updates as follows: Available offers – updated after every five minutes; trading volume, market cap, and price – updated every one to ten minutes; blockchain information (total number of blocks, mining difficulty, transaction per second, and more) – updated every hour; social networks and developer data – updated every day.
Does CoinMarketCap Rank Cryptocurrencies?
Yes, it does. The platform provides different ways of ranking and comparing cryptocurrencies. The most notable approach is using market capitalization, which you can calculate by multiplying the crypto price by its circulating price at a certain time.
Which is Better Between CoinGecko and CoinMarketCap?
Comparing the two crypto analytics sites, CoinGecko is a better trading platform. First, it is a one-stop platform where you can buy, sell, and exchange crypto. It has plenty of useful features that simplify tracking crypto prices and getting knowledge on particular digital assets.
CoinGecko being independent means its information is clear-cut and accurate, with no bias. This helps you evaluate and validate data before deciding to invest.
It comes packed with some unique features that make crypto analysis a breeze. Its quarterly reports are very comprehensive and insightful.
The platform’s interface is user-friendly, neat, and easy to navigate. You don’t need to fumble around looking for a tab or function. Its portfolio app will keep track of your crypto assets and transactions and provide you with valuable insights into the derivatives markets.
